Luno Support and Queries Thread

NarrowBandFtw said:
which one launched in ZA first?

there is your answer
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FFS you're making some random argument now.

Binance is one of the worlds largest exhanges and still undergoes maintenance.
My point was that a newer exhange like VALR is bound to experience teething problems.

Dafuq ZA has to do with anything is beyond me. Please just make a point instead of asking rhetorical questions the whole time.
 
saor said:
FFS you're making some random argument now.

Binance is one of the worlds largest exhanges and still undergoes maintenance.
My point was that a newer exhange like VALR is bound to experience teething problems.

Dafuq ZA has to do with anything is beyond me. Please just make a point instead of asking rhetorical questions the whole time.
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Haha I'm also lost on his train of thought... Tbh don't really care..
 
I think VALR maintenance explanation is actually pretty reasonable compared to every other maintenance that just report the same generic bs so for this specific case there is no reason to believe it is anything other than what VALR stated.

A double deposit crediting bug is much easier to resolve by complete shutdown than to allow everyone to continue with their trading and withdrawals etc. while you try to figure out exactly who got double credited without them managing to withdraw the double funds in the process.
 
John Tempus said:
I think VALR maintenance explanation is actually pretty reasonable compared to every other maintenance that just report the same generic bs so for this specific case there is no reason to believe it is anything other than what VALR stated.

A double deposit crediting bug is much easier to resolve by complete shutdown than to allow everyone to continue with their trading and withdrawals etc. while you try to figure out exactly who got double credited without them managing to withdraw the double funds in the process.
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This is exactly my point instead of just saying maintenance they disclosed all this. Have no idea what his issue is. Never had issues with them don't get what he is getting at anyway... I'll continue to use them when I need to sell again.
 
saor said:
FFS you're making some random argument now.

Binance is one of the worlds largest exhanges and still undergoes maintenance.
My point was that a newer exhange like VALR is bound to experience teething problems.

Dafuq ZA has to do with anything is beyond me. Please just make a point instead of asking rhetorical questions the whole time.
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each exchange, regardless of experience and size, have to open bank accounts and set up payment mechanisms from scratch in each country they operate in, in order to give the optimal local experience

so yeah it makes a massive difference when one was operating since December 2018 and the other only from 2020

a ~2 year head start means the "teething problems" excuse has expired imo, that is the point, frankly I'd rather trade on Binance if I was trading actively
 
NarrowBandFtw said:
each exchange, regardless of experience and size, have to open bank accounts and set up payment mechanisms from scratch in each country they operate in, in order to give the optimal local experience

so yeah it makes a massive difference when one was operating since December 2018 and the other only from 2020

a ~2 year head start means the "teething problems" excuse has expired imo, that is the point, frankly I'd rather trade on Binance if I was trading actively
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Just chill... Even binance zar has been down for almost 2 months now.... I'm sure valr is hiding something
 
Don't know what you're on about. Most exchanges have maintenance and some even for half a day.

On another note has anybody tried instant payments to an exchange? I know Capitec had some problems with references when they launched it.
 
Swa said:
Don't know what you're on about. Most exchanges have maintenance and some even for half a day.

On another note has anybody tried instant payments to an exchange? I know Capitec had some problems with references when they launched it.
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Yes I did from fnb to binance and it worked great when it was up. I actually opened a standard bank account as that's the default crypto exchange banker to ensure speedy deposit
 
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So far I've only seen interest in the low single percentile range on crypto. If anything fiat still outperforms it. High interest on crypto is simply not something that's sustainable.
 
Swa said:
So far I've only seen interest in the low single percentile range on crypto. If anything fiat still outperforms it. High interest on crypto is simply not something that's sustainable.
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I dread the day that DeFi implode. It will make the ICO implosion look like a heaven and I see no way around DeFi not imploding possibly as soon as we make a new ATH on Bitcoin if not sooner.
 
Swa said:
So far I've only seen interest in the low single percentile range on crypto. If anything fiat still outperforms it. High interest on crypto is simply not something that's sustainable.
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I have seriously been considering buying up some usdt and popping it into binance savings at 10% an annum
 
Swa said:
So far I've only seen interest in the low single percentile range on crypto. If anything fiat still outperforms it. High interest on crypto is simply not something that's sustainable.
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Oh yes I fully expect it won’t be very high and likely still beaten by the average bank account.

But some interest is better than no interest if you plan to HODL so it’s a good incentive.
 
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We’re thrilled to introduce our brand new fee structure for trading on the Luno Exchange.

You’ll now pay significantly lower taker fees, no matter the volume you trade every month. A lot less. The highest fees that any customer will pay per trade will be 0.10%, while the lowest will be 0.03%.
Click to expand...
 
SauRoNZA said:
This is something a bit different.

finance.yahoo.com

Genesis Partners with Luno to Create Alternative Savings Products, Extending Institutional Crypto Interest Rates to 4 million Global Consumers

Genesis, a leader in digital currency prime brokerage services, announced a partnership with Luno, a leading cryptocurrency exchange.
finance.yahoo.com finance.yahoo.com
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now launched:
www.luno.com

Introducing the Luno BTC Savings Wallet - Luno

Don’t just HODL, start earning interest on your bitcoin today with a Luno BTC Savings Wallet.
www.luno.com www.luno.com
 
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